Summer Place Condominium

Key facts from Summer Place Condominium's documents

Community type

Condominium

Legal name

Summer Place Condominium

Units / lots

26 (maximum 26, with up to 52 unit weeks each for interval ownership, total 1,352 unit weeks including maintenance weeks) (Article V, B and Article III)

Governing law

Delaware Unit Property Act, Delaware Code of 1974, as amended, Title 25, §§ 2201 through 2240 (Article I, Definition A)

Assessments & dues

Council fixes assessments necessary for common expenses; common expenses shared per unit percentages in Schedule B; maintenance fee for interval units prorated among unit weeks (51 denominator) (Article VIII, Article IX, Article XII)

Special assessments

Council may levy special assessments and personal charges as provided in Code of Regulations (Article XII)

Collections & liens

Council has lien on each Condominium Parcel for unpaid assessments, interest, attorneys' fees; may foreclose; for interval owners, lien limited to the unit week(s) owned by that owner (Article XII)

Reserves & fees

Assessments unpaid over 15 days after due date bear interest at rate in Code of Regulations; Council may impose late charge as provided in Code of Regulations (Article XII)

Leasing & rentals

Leasing is permitted; lessees have use rights; unit owners remain subject to all provisions (Article XV A, Article XX)

Parking & vehicles

Council designates two parking spaces for exclusive use of each residential unit; parking areas are common elements (Article VII D.2 and D.10)

Architectural approval

Prior written consent of Council required for any structural alteration, change to exterior, painting, or modification of unit or common elements; for interval units, also require consent of all other unit week owners in that unit (Article XVI B.2, C.2, F)

Maintenance

Council responsible (roof is common element) (Article VII D.7, Article XVI G)

Use restrictions

Owner shall occupy and use unit as a single family private residential dwelling for himself, family, social guests, lessees, licensees, invitees (Article XV A)

Voting & meetings

Voting rights appurtenant to each unit or unit week as provided in the Code of Regulations and the Act; percentages per Schedule B (Article XIX and Article VII A)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.